Northern Trust Appoints Brian Donovan Senior Managing Director of Wealth Advisory Team and Ultra High Net Worth Practice Lead for East Region

Rhea-AI Summary

Northern Trust appoints Brian Donovan as Senior Managing Director of wealth advisory team in Greater New York and lead of the Ultra High Net Worth Practice for the East Region.

Positive

• Brian Donovan will enhance clients' experience and accelerate market share capture in Greater New York.
• Donovan will deepen the Ultra High Net Worth practice across the entire region.

Negative

• None.

NEW YORK--(BUSINESS WIRE)-- Northern Trust has appointed Brian Donovan Senior Managing Director of a wealth advisory team in Greater New York and lead of the Ultra High Net Worth (UHNW) Practice for the East Region, a newly created role.

Brian Donovan, Northern Trust Wealth Management (Photo: Business Wire)

In his role as a Senior Managing Director, Donovan will lead one of Northern Trust's wealth advisory teams in the Northeast Region, to include partners in both New York and Connecticut. His team will focus on the delivery of holistic advice and outstanding client service, while seeking to accelerate the growth of the firm’s wealth management business. Donovan will be based out of the Greenwich, CT office.

In addition, as the UHNW Practice Lead for East Region, Donovan will develop a market strategy and lead a team of professionals focused on the wealth management, fiduciary, advisory and planning needs of individuals and families in the UHNW segment.

Most recently, Donovan was Regional Managing Director of the East Region in Northern Trust’s Global Family & Private Investment Offices (GFO) group, which provides asset servicing, technology, investment management, banking, fiduciary and family office advisory services to family offices globally. He was responsible for overseeing an integrated team of specialists who deliver banking, investment management and wealth transfer solutions within an asset servicing framework to family offices and the families they serve.

Previously, Donovan was the Managing Director of Northern Trust’s Greenwich, CT office and has spent the entirety of his career advising UHNW individuals and families on sophisticated planning and wealth management matters.

“Brian is a proven wealth management leader who will greatly enhance our clients' experience, accelerate the capture of market share in Greater New York and deepen our Ultra High Net Worth practice across the entire region,” said Glenda G. Pedroso, President of East Region, Northern Trust Wealth Management. “We are very happy to have Brian in this role and look forward to his leadership in growing important segments of our business.”

Northern Trust Wealth Management offers holistic wealth management services for affluent individuals and families, family offices, foundations and endowments, and privately held businesses. It is recognized for its innovative technology, service excellence and depth of expertise, with $376 billion in assets under management as of June 30, 2023. The Northern Trust Company is an Equal Housing Lender. Member FDIC.

About Northern Trust

Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has a global presence with offices in 25 U.S. states and Washington, D.C., and across 22 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of June 30, 2023, Northern Trust had assets under custody/administration of US$14.5 trillion, and assets under management of US$1.4 trillion. For more than 130 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Visit us on northerntrust.com. Follow us on X, formerly Twitter, @NorthernTrust or Northern Trust Corporation on LinkedIn.

Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Global legal and regulatory information can be found at https://www.northerntrust.com/terms-and-conditions.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230913096732/en/

Karen Mellen

773-860-8110

Kem6@ntrs.com

Source: Northern Trust Corporation